FDIC: Additional Transparency Provided Regarding Marketing and Sale of Failing Financial Institutions
The Federal Deposit Insurance Corporation (FDIC) has enhanced its public website to increase transparency into the marketing and sale process of failing financial institutions and has posted templates of contractual agreements for transactions to facilitate review in advance of any acquisition opportunities. The information can be found in the Resolutions section of the website at Failing Bank Resolutions | FDIC.gov. …
ABA: Statement Issued on Treasury Guidance on Penny Phaseout
“We appreciate today’s Treasury Department guidance on handling pennies in the banking system. With the administration’s decision to end penny production, a clear path forward is essential to ensuring a smooth transition for American consumers, businesses and the banks that serve them. As we noted in our recent letter to Treasury, maintaining the ability to accept…
Federal Reserve: Board Withdraws 2023 Policy Statement and Issues New Policy Statement Regarding the Treatment of Certain Board-Supervised Banks that Facilitates Responsible Innovation
he Federal Reserve Board on Wednesday withdrew a 2023 policy statement and issued a new policy statement regarding the treatment of certain Board-supervised banks that facilitates responsible innovation. “New technologies offer efficiencies to banks and improved products and services to bank customers,” said Vice Chair for Supervision Michelle W. Bowman. “By creating a pathway for…
ICBA: ICBA Opposes PayPal Application to Form Industrial Loan Company
The Independent Community Bankers of America (ICBA) today expressed strong opposition to PayPal’s application opens in a new tab to form an industrial loan company—a type of financial institution that receives federal deposit insurance while avoiding full regulatory oversight. “The FDIC should deny ILC applications from PayPal and other Big Tech companies and not allow these nonbank firms to benefit from the federal safety net while avoiding prudential regulation…
SBA: Deregulation Strike Force Launched to Conduct Government-Wide Review of Regulations Impacting Small Businesses
Today, the U.S. Small Business Administration (SBA) launched a new Deregulation Strike Force, dedicating a full team to the mission of identifying and eliminating excessive Biden-era regulations that have disproportionately increased costs for America’s small businesses and consumers. The strike force, led by the SBA’s Office of Advocacy, is working across all federal agencies to cut regulations that have…
ABA: Statement Issued on OCC’s Announcement Regarding National Trust Charters
“Today’s decision by the OCC to approve conditionally a group of novel national trust charters raises important questions about the scope and oversight of these institutions. While innovation in financial services can benefit consumers, it is critical that any chartered entity operates under a regulatory framework that appropriately addresses its activities and risks. We are…
ICBA: ICBA Opposes OCC’s Approval of Five National Trust Charter Applications
The Independent Community Bankers of America (ICBA) today expressed opposition to the Office of the Comptroller of the Currency’s conditional approval opens in a new tab of five national trust bank charter applications from nonbank fintechs. ICBA has repeatedly said in letters to the OCC that the agency lacks statutory authority to expand trust powers under Interpretive…
OCC: Conditional Approvals Announced for Five National Bank Charter Applications
The Office of the Comptroller of the Currency (OCC) today announced its conditional approval of five national trust bank charter applications. Subject to meeting the OCC’s conditions, these institutions will join approximately 60 other national trust banks currently supervised by the OCC. In granting these conditional approvals, the OCC applied the same rigorous review and…
CDFI Fund: Advisory Board Will Meet Virtually on December 29th
The Community Development Financial Institutions Fund (CDFI Fund) is convening a public meeting of the Community Development Advisory Board (the Advisory Board) from 11:00 to 11:30 a.m. Eastern Time on Monday, December 29, 2025. This meeting will be conducted virtually. The function of the Advisory Board is to advise the Director of the CDFI Fund on the…
HUD: FHA Announces 2026 Loan Limits
New loan limits for Single Family Title II forward and Home Equity Conversion Mortgages Increase for calendar year 2026 Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) announced loan limits for calendar year 2026 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) mortgage insurance programs. Loan limits for most of the country will…